The current share price

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Great Pumpkin Farms (GPF) just paid a dividend of $6 on its stock. The growth rate in dividends is expected to be a constant 4 percent per year indefinitely. Investors require a 17 percent return on the stock for the first 3 years, a 12 percent return for the next 3 years, and an 9 percent return thereafter. The current share price for GPF stock is $ . (Do not include the dollar sign ($). Round your answer to 2 decimal places. (e.g., 32.16))

Reference no: EM131838700

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